Aurora Cannabis Inc. produces, distributes, and sells cannabis and cannabis derivative products in Canada and internationally. It also engages in facility engineering and design, cannabis breeding, research, production, derivatives, product development, wholesale, and retail distribution activities. The company produces various strains of dried cannabis, cannabis...
Everytime I post longs on this stock I get a bunch of salty HODLERS that say they're done with this garbage stock. Earnings have been bad but with Cannabis on the verge of federal legalization and presidents handing out amnesty for cannabis convictions is a good sign for the future.
Its been a long time since I traded this stock . I remember trading it back in 2018 - 2019 at its ATH on eToro . On the weekly time frame it had a nice bounce around the $2.85 area . I would like to see the price passing through the $5 resistance area and turning into a support zone . From the 4th quarter of 2019 the stock is in a downtrend , I remember back in...
Weed stocks are having a great week so far and I don't think the fomo has kicked in yet. SNDL is breaking out on weekly into the new channel and can squeeze higher above a dollar. I think this will continue running into month/quarter end and potentially 5-7+ dollars into Q2. This entire sector has been beaten down for years as money has shifted into tech and...
man this looks bottomed out, 3 long term targets highlighted if we can push back to the $5 region
Aurora Cannabis Inc. produces, distributes, and sells cannabis and cannabis derivative products in Canada and internationally. It also engages in facility engineering and design, cannabis breeding, research, production, derivatives, product development, wholesale, and retail distribution activities. The company produces various strains of dried cannabis, cannabis...
Goals3, 2.75, 2.36. Invalidation at 6.07. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels...
$acb bottom in? long term trendline with plenty of upside potential. tons of gaps above with a couple of tricky monthly resistance blocks. 1R:13R (daily gaps highlighted as grey dotted lines)
Hey the cannabis sector has underperformed the stock market indexes in 2021, this will run in 2022, stay updated in January for monthly momentum inflections. CGC has a 6-7x potential from here. This should be the first big sector swing followed by airlines and renewable energy in 2022.
Make it legal and BOOM! $acb new road map and the future of cannabis
Price is close to what can be a support zone, we could buy between 5.85$ and 5.50$ and expect price go up to 7.50$ in the next weeks. Such strategy need a tight Stop around 5.40$ because if we break the support line, price may head to the 3.80$ area i.e. 2020 lows. The price movement (up or down) will depend on what the Nasdaq index will do in the next days, Xmas...
Elliott wave counts can be very subjective with some people's counts being completely different. I have two potential counts set up for ACB. My count I'm leaning more towards is the GREEN count. Following the Green EW count, we see the price come just about to the pink weekly resistance line. In EW theory, wave 3 is the strongest move and known for the "gap...
After a nice move up, this is consolodating in a nice bull pennet.
Chart may be difficult to read or understand but this cycle setup is similar to the 2015 setup. Looking for 70 between Jan 2022-May 2022 and 300+ into year end 2023 if pattern repeats. I am long asf
Hey looks like CGC, TLRY, ACB and the WEED etf's are starting their general cannabis run. Canopy has come down to it's lows and might be looking to takeoff here, rsi weekly is starting to inflect and macd is crossing over this could run for a long time several months possibly back to 50$ area. Lower time frames are overbought so might see some red to start the...
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. If you enjoyed this analysis, I would definitely...
Over 7.55 its moving fast. Hold onto your butts HOLD ONTO YOUR BUTTS